All About Lightning Electrum
The latest version of UBTC Electrum Light Wallet v3.2.8 is available.
You buy bitcoins anonymously in cash and send them to your Electrum wallet.
Electrum Wallet is one of the most popular Bitcoin wallets and has been around for several years. However, Electrum wallet users often rely on electrum servers, which presents some security and privacy trade-offs. If you use an Electrum personal server, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.
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Firewall-friendly: Electrum does not require a specific port in the firewall. It simply polls the server for updates.
Digital wallet developer Electrum has released an emergency patch saying it found a vulnerability that could lead any website hosting Electrum to steal a user's digital currency, exposing passwords to the JOHNSONRPC interface and ingelling hackers full control of the wallet. Earlier, Electrum released the first patch, but it didn't seem to solve the problem, and they released a second update urgently Sunday night local time.
It is reported that malicious websites (electrumsecure) fake Electrum website phishing attacks, to guide users to download and use the wallet, in order to steal the user's private key and other sensitive data. Users are reminded not to install electrum wallets from unknown sources at will to avoid asset losses.
Since the end of December 2018, Bitcoin wallet Electrum users have lost 771 BTCs (worth about $4 million) in phishing attacks, according to a study released by Malwarebytes Labs. Electrum is known to implement a variant of a technology called Simplified Payment Verification (SPV), which allows users to send and receive transactions without having to download a full copy of the Bitcoin blockchain. An attacker is exploiting a vulnerability that anyone can manipulate a public Electrum peer to carry out an attack. (TNW)
If passphrase protection is enabled, third-party wallets such as myTrezor.co, Electrum, or TREZOR are connected each time Trezor is connected.